Cubist Systematic Strategies LLC Makes New Investment in Carnival Co. & plc (NYSE:CUK)

Cubist Systematic Strategies LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CUK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 198,364 shares of the company’s stock, valued at approximately $4,465,000. Cubist Systematic Strategies LLC owned about 0.11% of Carnival Co. & at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CUK. Jump Financial LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter worth about $1,701,000. Charles Schwab Investment Management Inc. increased its position in Carnival Co. & by 18.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 57,019 shares of the company’s stock valued at $1,283,000 after buying an additional 8,974 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Carnival Co. & during the fourth quarter valued at $9,435,000. Sei Investments Co. grew its stake in shares of Carnival Co. & by 183.6% in the fourth quarter. Sei Investments Co. now owns 158,191 shares of the company’s stock worth $3,561,000 after acquiring an additional 102,413 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Carnival Co. & by 2.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,673,700 shares of the company’s stock valued at $60,185,000 after purchasing an additional 58,600 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of NYSE:CUK opened at $18.37 on Friday. The business has a 50-day simple moving average of $17.37 and a two-hundred day simple moving average of $20.80. Carnival Co. & plc has a fifty-two week low of $12.65 and a fifty-two week high of $26.14. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 13.22 and a beta of 2.59. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CUK) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $6.19 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. On average, analysts expect that Carnival Co. & plc will post 1.7 earnings per share for the current year.

Carnival Co. & Company Profile

Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.